Crown Castle price to book ratio CCI
Market value divided by the book value of the company's net assets, since 2009.
- Today, Oct 23, 2026
- n/m
- not a meaningful number
- Last meaningful
- 8.5×
- Mar 2025
- 10-year median
- 6.8×
- 10-year range
- 3.3× to 10.6×
- Peer median
- 3.6×
Crown Castle's price to book ratio is not a meaningful number today: shareholders' equity was zero, negative or not reported, so price to book does not exist.
It was last meaningful in Mar 2025, at 8.5×.
On the days it had one over the last ten years, its median was 6.8×, from 3.3× in Jun 2018 to 10.6× in Dec 2021.
Price to book ratio over time
The dashed line is the 10-year median and the shaded band the middle half of its days.
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2025 | 8.5× | 6.9× | 8.5× |
| 2024 | 7.4× | 6.4× | 9.1× |
| 2023 | 7.5× | 5.3× | 8.5× |
| 2022 | 7.6× | 6.8× | 10.4× |
| 2021 | 10.6× | 6.8× | 10.6× |
| 2020 | 7.2× | 5.1× | 7.6× |
| 2019 | 5.2× | 3.6× | 5.3× |
| 2018 | 3.6× | 3.3× | 3.9× |
| 2017 | 3.6× | 3.5× | 5.7× |
| 2016 | 4.4× | 3.6× | 4.8× |
| 2015 | 4.0× | 3.5× | 4.4× |
| 2014 | 3.9× | 3.5× | 8.4× |
| 2013 | 8.1× | 6.8× | 8.5× |
| 2012 | 7.0× | 5.5× | 7.1× |
| 2011 | 5.5× | 4.7× | 5.6× |
| 2010 | 5.4× | 3.6× | 5.4× |
| 2009 | 4.0× | 2.7× | 4.1× |
Against its peers
Companies in REIT - Specialty nearest Crown Castle's size, closest first, today.
| Company | Price to book ratio |
|---|---|
| CCICrown Castle | n/m |
| IRMIron Mountain | n/m |
| VMRKVivmark Residential | 4.5× |
| DLRDigital Realty Trust | 2.3× |
| SBACSBA Communications | n/m |
| HSTHost Hotels & Resorts | 2.7× |
| KIMKimco Realty | 1.5× |
| LAMRLamar Advertising | 16.0× |
| AMTAmerican Tower | 23.7× |
| WPCW. P. Carey | 1.7× |
| EQIXEquinix | 6.6× |
| Peer median | 3.6× |
What the price to book ratio tells you
Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.
Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.
More on Crown Castle
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.